Which of the Following Is Not a Correct Statement

question 104

Multiple Choice

Which of the following is not a correct statement?

• A)Managerial accounting benefits internal users.
• B)Managerial accounting reports must comply with generally accepted accounting principles.
• C)Managerial accounting includes reports and information prepared for a range of decision makers within the organization.
• D)Managerial accounting reports come in a variety of formats.

---

Definitions:

Prejudice

Preconceived opinions or judgments about individuals or groups that are not based on reason or actual experience, often manifesting as discrimination.

Subprime Loans

Loans offered to individuals with poor credit scores or limited credit history, typically having higher interest rates to compensate for higher credit risk.

Institutional Discrimination

A form of discrimination that is embedded into the policies, laws, or practices of organizations, leading to unequal treatment or opportunities for certain groups of people.

Functionalism

A theoretical framework that views society as a complex system whose parts work together to promote solidarity and stability, emphasizing the interconnection of societal components.